4//SEC Filing
Yong Andy 4
Accession 0001209191-21-045538
CIK 0001777921other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 4:56 PM ET
Size
10.6 KB
Accession
0001209191-21-045538
Insider Transaction Report
Form 4
Yong Andy
Chief Investment Officer
Transactions
- Award
Common Stock
2021-07-01+4,759→ 4,759 total - Award
StockOption (Right to Buy)
2021-07-01+412,843→ 412,843 totalExercise: $3.90Exp: 2030-08-12→ Common Stock (412,843 underlying) - Award
Stock Option (Right to Buy)
2021-07-01+65,185→ 65,185 totalExercise: $3.90Exp: 2030-08-12→ Common Stock (65,185 underlying)
Footnotes (4)
- [F1]Received on July 1, 2021 pursuant to that certain Business Combination Agreement and Plan of Reorganization ("BCA"), dated as of November 23, 2020, as amended on December 30, 2020, March 8, 2021 and May 18, 2021, by and among Apex Technology Acquisition Corporation ("Apex"), Athena Technology Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Apex, Athena Technology Merger Sub 2, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Apex and AvePoint, Inc. a Delaware corporation ("Former AvePoint") in exchange for Former AvePoint shares.
- [F2]The BCA provides that the former stockholders of Former AvePoint will receive additional shares of the Issuer's Common Stock if the Issuer's closing share price equals or exceeds $12.50, $15.00 and $17.50 for any 20 trading days within any consecutive 30-trading day period prior to July 1, 2028. The Reporting Person's right to receive additional shares pursuant to this earn-out became fixed and irrevocable on July 1, 2021, the effective date of the merger.
- [F3]25% of the shares underlying this option will vest on August 12, 2021; the remaining options vest and become exercisable in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.
- [F4]This option is fully vested and immediately exercisable.
Documents
Issuer
Apex Technology Acquisition Corp
CIK 0001777921
Entity typeother
Related Parties
1- filerCIK 0001865635
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 4:56 PM ET
- Size
- 10.6 KB